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R4,800,000

Monthly Bond Repayment R52,017.94
Calculated over 20 years at 11.75% with no deposit. Change Assumptions

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Monthly Rates
R3,200

8 Bedroom Guest House in prime location – St Michaels on Sea

This great investment is only 450 meters from St Michael’s swimming beach. Close to popular restaurants, shopping centres and golf courses.
Six bedrooms with en suite bathrooms feed off the passage that leads from the entrance hall, plus there are a further 2 bedrooms with en suite bathrooms on the outside. At present the accommodation is self-catering and there is a well-equipped kitchen for guests to make use of as well as a large lounge, dining room and bar area which opens out onto the entertainment area with a sparkling swimming pool and braai area. There is also an office, linen room, laundry and outside storeroom. The property is fitted with CCTV cameras plus there are 2 JoJo tanks.
In addition, the property has 4 caravan stands with electricity points, braai facilities as well as an ablution block. There are 10 parking bays.
St Michaels on Sea is a lovely, tranquil coastal town situated along the KZN South Coast, with Shelly Beach and Uvongo as its close neighbours. St Michaels on Sea is a popular choice for travellers as it has a beautiful beach, affordable and comfortable self-catering accommodation options and it is nearby some fantastic food options. St Michael’s Beach is the town’s main swimming beach, with lifeguards on duty all year round. The Beach is popular amongst swimmers and surfers, the wave swells are perfect for surfers or bodyboarders and the waters are nice and clean. St Michael’s Beach is known for its large lagoon that joins up with the mouth of the Umhlangeni River. Canoeing is a fun activity for travellers who would like to rent a canoe and maintain their balance in the lagoon! If one feels like going on a scenic walk, look no further than the Saints Walk which stretches from St Michael on Sea all the way through to the Uvongo Beach. The trail is within a grassy park area and can be a whole lot of fun for children too, try and see who can spot the next beach first! The views along the walk are stunning sea views on one side and a lush display of indigenous coastal vegetation and bird species on the other, it is something to be marvelled at!

Features

8
11
Pets Allowed
Yes
Interior
Bedrooms
8
Bathrooms
11
Kitchens
1
Reception Rooms
2
Exterior
Carports / Parkings
10
Security
Yes
Pool
Yes
Sizes
Floor Size
450m²
Land Size
2,572m²

Uvongo, Margate

Uvongo is a bustling holiday town on the KwaZulu-Natal south coast. Real estate and property investors can choose from houses, villas, apartments, townhouses, cluster developments, security villages, retirement complexes, guesthouses and vacant land. Although is essentially a holiday town, it is occupied virtually year round. The town is located between the popular towns of Margate and Port Shepstone and is known...
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Transfer Costs

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Transfer Fees
Deeds Office Levy
Transfer Duty
Postage and Petties:
Rates/Levy Clearance
Pro-Rata Rates/Levies
Deeds Office Search
Electronic Document Preparation
Vat @ 15%
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Please note: Most banks charge an administration and initiation fee.
Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.

Bond Costs

  Natural Persons
Fees
Deeds Office Levy
Postage and Petties
Bank Electronic Connection Fee
Electronic Document Preparation
Vat 15%
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GRAND TOTAL:

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MONTHLY REPAYMENTS

 

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Monthly Payment

52,017.94

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